trending Market Intelligence /marketintelligence/en/news-insights/trending/st5k4ohp1ytqlm-br3nd7q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Russian central bank hikes key rate to 7.75%

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Russian central bank hikes key rate to 7.75%

Russia's central bank raised its key rate to 7.75% from 7.50% in what it called a "proactive" move aimed at curbing elevated inflation risks.

The Central Bank of the Russian Federation said consumer prices, which rose 3.8% year over year in November mainly due to higher food prices, are starting to be affected by an increase in the value added tax set to take effect from Jan. 1, 2019.

"There persists uncertainty over the reaction of prices and inflation expectations to the upcoming VAT rate increase and to the influence of other pro-inflationary factors," said the central bank, which noted that businesses' price expectations have increased, triggered by the weakening of the Russian ruble and the VAT hike.

In addition, the bank said potential capital outflow from emerging markets and geopolitical factors might increase market volatility and affect exchange rate and inflation expectations.

The central bank expects annual inflation to be near its target of 4% at the end of 2018, before hitting 5% to 5.5% by the end of 2019 and returning to 4% in 2020.

"The increase in the key rate will help prevent firm inflation anchoring at the level significantly exceeding the Bank of Russia's target," the bank said in a statement.

The bank said it will consider the need for further rate hikes, taking into account inflation and economic dynamics, risks posed by external conditions, and market reaction.

Analysts at ING Economics said the rate hike was not "very surprising" although they were concerned "about the way these decisions have been communicated to the market."

"It appears the central bank is signaling lower confidence in CPI and the ruble in the short-term," the analysts said in a research note.